Fluvanna County VA Real Estate Market Report – May 2012

This Fluvanna County VA real estate market report will examine the sale of single family detached homes during May 2012.

May 2011 average list price $216,498.
May 2012 average list price $209,593.

May 2011 average sale price $199,725.
May 2012 average sale price $195,721.

May 2011 median sold price $180,000.
May 2012 median sold price $182,000.

May 2011 %sold/list 92.25%.
May 2012 %sold/list 93.38%.

May 2011, 26 Fluvanna County homes sold.
May 2012, 32 homes sold on the Fluvanna County real estate market.

1/1/2011 – 5/30/2011, 94 homes sold in Fluvanna County.
1/1/2012 – 5/30/2012, 122 Fluvanna County homes sold.

There is a lot to like about these numbers.  While prices continue to fall, Fluvanna County home sales are up considerable this year.  This May saw the largest number of home sales in one month since June 2010.  In addition we are seeing a drop in inventory, although we have a ways to go before we can call it a balanced market.  Like we are seeing across Central Virginia price continues to be one of the most important factors inflluencing which home are the ones to sell.  Also these numbers have a lot to say about the price range of the homes that buyers are comfortable purchasing.  Homes under $200,000 are the majority of the sales.  Homes over $300,000 are particularly slow to sell.

If you are considering selling your Fluvanna County home, it is important to price your home correctly.  Be sure to contact a real estate professional to get expert help with your home sale.

Copyright 2012 by Pam Dent, all rights reserved “Fluvanna County Real Estate Market Report – May 2012“.

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Charlottesville Real Estate Market Report – May 2012

This Charlottesville real estate market report will examine the sales of single family detached homes in the city of Charlottesville.

May 2011 average list price $399,592.
May 2012 average list price $326,951.

May 2011 average sale price $317,828.
May 2012 average sale price $316,986.

May 2011 median sold price $245,000.
May 2012 median sold price $293,250.

May 2011 %sold/list 93.59%.
May 2012 %sold/list 96.95%.

1/1/2011 – 5/30/2011, 91 Charlottesville homes sold.
1/1/2012 – 5/30/2012, 124 homes sold on the Charlottesville real estate market.

We have seen a welcome increase in sales over last year.  However although May figures are reflecting an increase in the median sold price as compared with last year that is not true for the year to date.  Overall we have seen a slight decline in the median sold price.  In addition, as a result of the sales increase we have experienced a reduction in inventory.

 
Hopefully we will continue to see an improving Charlottesville real estate market throughout the year.

Copyright 2012 by Pam Dent all rights reserved “Charlottesville Real Estate Market Report – May 2012“. 

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Albemarle County VA Market Report – May 2012

This Albemarle County VA market report will examine the sales of single family detached homes.

May 2011 average list price $393,781.
May 2012 average list price $406,292. 

May 2011 average sale price $374,227.
May 2012 average sale price $396,145.

May 2011 median sold price $321,250.
May 2012 median sold price $340,000.

May 2011 %sold/list 95.03%.
May 2012 %sold/list 97.5%.

1/1/2011 – 5/30/2011, 300 Albemarle County homes sold.
1/1/2012 – 5/30/2012, 322 Albemarle County homes sold.

The May figures are very encouraging.  Most of us have been experiencing the increase in real estate activity this year, particularly in Albemarle County.  The figures show the median sold price up over May of last year, but we should look at those figures with caution.  It is still a buyer’s market and the well priced homes are the ones that are selling.

If you would like to find out how your home should be priced in today’s changing real estate market, I would be happy to give you a market analysis.
What is my home worth? 

Copyright 2012 by Pam Dent all rights reserved “Albemarle County VA Market Report – May 2012“.

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Country Home Sold – 130 Oaks Lane

4 bedroom, 3.5 bath, 2403 sq ft home on 3 private acres

This charming Madison County country home has sold.  From the minute you step onto the welcoming front porch you can fell the comfort and warmth euded by this home.  The main floor has an open floor plan with a nice flow for entertaining.  The light filled living room is open to the dining room with a beautiful bay window.  The kitchen is centrally located with a ceramic tile floor and island.  A sunroom and family room with woodburning fireplace open to the kitchen.  This level has hardwood floors.  The sunroom opens out to a screened porch which can be enjoyed for three seasons.  

Upstairs you will find the large master suite with a vaulted ceiling and walk-in closet.  The attached bath has a whirlpool tub and a walk-in shower.  There are two additional bedrooms, one of which has a cedar closet.  A hall full bath completes this floor. 

The terrace level contains a fourth bedroom and full bath.  There is lots of additional space available to finish in the walkout terrace level.  It would make a wonderful recreation, media of exercise room.

The yard is open and spacious with a garden spot and ringed by trees for privacy.

130 Oaks Lane – Country Home Sold

Copyright 2012 by Pam Dent all rights reserved “Country Home Sold – 130 Oaks Lane“.

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